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Regulation 79 Qualifying for retirement benefitsI1

Scotland

(1)

A person (P) is qualified for retirement benefits in respect of a period of pensionable service if—

(a)

P has at least 2 years’ qualifying service; or

(b)

after P enters pensionable service, a transfer value payment or cash transfer sum is accepted under Part 10 (transfers) in respect of P’s rights accrued under a personal pension scheme.

(2)

In these Regulations, a period of qualifying service is the total of the following—

(a)

any period of pensionable service under this scheme (other than a period of post-benefit service);

(b)

if after P enters pensionable service under this scheme a transfer value payment or cash transfer sum has been accepted under Part 10 in respect of rights accrued under another occupational pension scheme, a period equal to the person’s period as an active member in that scheme;

(c)

for a transition member with continuity of service, any period of pensionable service under the existing scheme before the closing date.

(3)

Any pensionable service in respect of which a person’s rights under this scheme or the existing scheme are extinguished is not qualifying service.

Annotations

Commencement

I1

Reg. 79 in force at 1.4.2015, see reg. 1(2)(b)